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Industry News

The Paycheck Protection Program can be challenging to interpret. With many lenders inundated and unable to advise, Curchin is committed to providing the guidance that business owners need in order to navigate the nuances of applying for a PPP loan and meeting the requirements for loan forgiveness. Start by reading the official Frequently Asked Questions …

In response to the Paycheck Protection Program loan forgiveness, the IRS on April 30, 2020 released Notice 2020-32. To keep it simple, if you have received loan proceeds under the PPP plan and the loan or portions of the loan are forgiven, the expenses associated with the loan forgiveness are not deductible. Initial understanding and …

On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (FFCRA), which provided additional flexibility for state unemployment insurance agencies and additional administrative funding to respond to the COVID-19 pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27. It expands states’ ability …

TRENTON – Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin issued the following joint statement today on the tax filing deadline and the state budget timetable: “The ongoing COVID-19 pandemic has caused hardships, financial strain and disruptions for many New Jerseyans and New Jersey businesses. As part of our response, we …

Dear Clients, Business Associates and Friends: We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. In …

As a leading construction accounting firm in New Jersey and the Mid-Atlantic, The Curchin Group attends trade shows across the U.S. to keep the pulse of the A/E/C sector. Most recently, we visited the National Association of Home Builders (NAHB) International Builders’ Show (IBS) January 21-24, 2020 in Las Vegas, Nevada and the Shore Builders …

By: Carolyn Giunco Kvalo, CPA/CGMA, CFE, Managing Partner Anyone who has a bank account or credit card runs the risk of being defrauded. Learn how to protect yourself from ATM and mobile security fraud in this article. Did you know that more than 15 million Americans are victims of identity theft every year? Identity theft …

Congress recently passed and the President signed into law-the SECURE Act, landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in 2020, which means now is the time to consider how these new rules may affect your tax and retirement-planning situation. Here is a look at …

Zalesiak, TC Summary Opinion 2019-16 In a Summary Opinion, the Tax Court has found that a construction manager’s poker playing was not an activity engaged in for profit. Therefore, he could only deduct his losses on Schedule A, rather than on Schedule C. Background. In general, Code Sec. 162(a) allows a deduction for all ordinary …

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Testimonials

❝ Our Family of Companies uses Bill McNamara and the Curchin Group as our outside accountants and we have found them to be informed, thorough, accurate and timely in both their consultations and reporting. ❞

Walter (Rob) Earle

President, The Earle Companies

❝ I remember my father and George Curchin sitting around my dining room table putting together our company’s financials in the early 1950s. After 50 years, the numbers have changed, the faces have changed, but the quality of work and level of service that Curchin provides has remained the same. ❞